Equities research analysts forecast that Ryerson Holding Corp (NYSE:RYI) will report sales of $1.14 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Ryerson’s earnings, with estimates ranging from $1.10 billion to $1.19 billion. Ryerson posted sales of $810.60 million during the same quarter last year, which suggests a positive year over year growth rate of 40.6%. The company is scheduled to announce its next quarterly earnings report on Monday, March 4th.

On average, analysts expect that Ryerson will report full year sales of $4.39 billion for the current fiscal year, with estimates ranging from $4.35 billion to $4.44 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.87 billion, with estimates ranging from $4.50 billion to $5.30 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Ryerson.

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Ryerson (NYSE:RYI) last released its quarterly earnings data on Friday, November 2nd. The basic materials company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.07). The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. Ryerson had a net margin of 2.60% and a return on equity of 101.73%. The business’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same period last year, the business earned $0.05 earnings per share.

RYI has been the topic of several research analyst reports. ValuEngine raised Ryerson from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Deutsche Bank upgraded Ryerson from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Monday, November 5th. Finally, Zacks Investment Research upgraded Ryerson from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.42.

NYSE:RYI traded down $0.39 during trading hours on Friday, hitting $8.48. The company’s stock had a trading volume of 2,779 shares, compared to its average volume of 150,325. The firm has a market capitalization of $332.13 million, a PE ratio of 23.19 and a beta of 1.93. The company has a quick ratio of 1.06, a current ratio of 2.45 and a debt-to-equity ratio of 12.03. Ryerson has a twelve month low of $7.85 and a twelve month high of $12.95.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Ryerson by 9.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,139,289 shares of the basic materials company’s stock worth $12,703,000 after acquiring an additional 100,475 shares during the last quarter. United Services Automobile Association increased its holdings in Ryerson by 65.5% in the second quarter. United Services Automobile Association now owns 82,900 shares of the basic materials company’s stock worth $924,000 after purchasing an additional 32,800 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Ryerson in the second quarter worth approximately $886,000. Towle & Co. increased its holdings in Ryerson by 1.0% in the third quarter. Towle & Co. now owns 2,209,425 shares of the basic materials company’s stock worth $24,967,000 after purchasing an additional 20,912 shares in the last quarter. Finally, Calamos Advisors LLC bought a new stake in Ryerson in the third quarter worth approximately $322,000. Hedge funds and other institutional investors own 38.21% of the company’s stock.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural products, and tubing.